President Trump on Friday signed his signature tax and spending legislation, the "big beautiful bill," into law, meeting a July 4 deadline that at times appeared out of reach. Why it matters: It's a huge achievement for Trump and congressional Republicans that will reshape federal fiscal policy for years to come.

President Donald Trump signed 'The Big Beautiful Bill,' his legislative agenda on taxes and immigration during a July 4 ceremony.

President Trump and GOP leaders have imposed a deadline to get the bill signed on the Fourth of July. However, even the commander in chief — who has worked hard to whip his narrow majority